Hindustani78
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Ministry of Defence
11-August, 2015 13:20 IST
Signing of Defence Deals
Capital procurement of defence equipment is made from various indigenous as well as foreign sources and contracts are signed after obtaining approval of Competent Financial Authority in accordance with the provisions of Defence Procurement Procedure-2013.
During 2014-15, 18 contracts have been signed between May 2014 and February 2015 with foreign vendors including those from USA, Russia, Israel, Germany, France and UK for procurement of items such as Missiles, Rockets and Simulators. Contracts are executed as per terms and conditions incorporated therein. The 18 contracts were signed by designated officers as per provisions of DPP 2013 which do not require the presence of Defence Minister at the signing.
Defence Procurement Procedure (DPP) provides for direct dealing with the Original Equipment Manufacturers (OEMs) or Authorised Vendors or Government Sponsored Export Agencies (applicable in case of countries where domestic laws do not permit direct export by OEM). It also provides that vendor is required to give full details of any agents / technical consultants / authorised vendors that may have been appointed by them for marketing of this equipment in India. These details should include the scope of work and responsibilities that have been entrusted with the said party in India.
This information was given by Defence Minister Shri Manohar Parrikar in a written reply to Shri Shantaram Naik in Rajya Sabha today.
11-August, 2015 13:20 IST
Signing of Defence Deals
Capital procurement of defence equipment is made from various indigenous as well as foreign sources and contracts are signed after obtaining approval of Competent Financial Authority in accordance with the provisions of Defence Procurement Procedure-2013.
During 2014-15, 18 contracts have been signed between May 2014 and February 2015 with foreign vendors including those from USA, Russia, Israel, Germany, France and UK for procurement of items such as Missiles, Rockets and Simulators. Contracts are executed as per terms and conditions incorporated therein. The 18 contracts were signed by designated officers as per provisions of DPP 2013 which do not require the presence of Defence Minister at the signing.
Defence Procurement Procedure (DPP) provides for direct dealing with the Original Equipment Manufacturers (OEMs) or Authorised Vendors or Government Sponsored Export Agencies (applicable in case of countries where domestic laws do not permit direct export by OEM). It also provides that vendor is required to give full details of any agents / technical consultants / authorised vendors that may have been appointed by them for marketing of this equipment in India. These details should include the scope of work and responsibilities that have been entrusted with the said party in India.
This information was given by Defence Minister Shri Manohar Parrikar in a written reply to Shri Shantaram Naik in Rajya Sabha today.
